January 27, 2021

CBRE Brokers Sale of Cayman Islands Resort

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By Timea Papp From Commercial Property Executive The Holiday Inn Resort Grand Cayman sits on approximately 6.5 acres of prime oceanfront land and was originally planned for timeshare sales. CBRE completed the sale of Holiday Inn Resort Grand Cayman, a 173-key beachfront property in the Cayman Islands. U.S.-based SRE Acquisitions bought the asset, which includes […]

Caribbean hotel profits were suffering pre-hurricanes: CBRE report

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From HOTEL BUSINESS ATLANTA—While the fallout for hotels from the recent hurricanes that swept across the Caribbean is far from calculated, the results are expected to only compound existing troubles the industry in the region has been suffering. In newly released data from CBRE Hotels’ Americas Research the average Caribbean hotel experienced a 4.7% decrease […]

Caribbean hotel profits suffer in 2016

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From Hospitality Net Zika, Exchange Rates and New Supply Impact Performance Atlanta, Ga. — CBRE Hotels Americas Research announced that the average Caribbean hotel in its survey sample suffered a 4.7 percent decrease in gross operating profit (GOP) during 2016, according to its newly released twelfth edition of Caribbean Trends® in the Hotel Industry. This decline […]